Tuesday, November 25, 2008

Crisis? What Crisis?

"The economic mess that has been unfolding the last few months is not, as the right fear and the left hope, an organic collapse of the global capitalist system. But rather it is, as so many so-called financial crises before it, a scam perpetrated by what Lincoln used to call the "money power." The goals are to capture other lucrative businesses, reduce government and its ability to constrain its hegemony over capital, and to reduce union membership by creating such dire economic circumstances as to make unions powerless to save their members from hardship.

What we are experiencing is not the fall of the bourgeoisie, but its ascendancy to dictatorship. It is a charade, it's class war waged by a confidant, victorious bourgeoisie, not one on the verge of imminent ruin. In fact, the economic failure of the bourgeoisie, as things are currently constituted in the West, is an impossibility."